TREND WATCH------
• Last swing high is at 6070. (Higher high)
• Last swing low is at 5964. (Higher low)
• In the medium term,
--- Nifty is in corrective down move (From 19th November) with targets (+/-30 points) of 5900**, 5800**, 5700**. (All targets achieved)
--- The down move will terminate above 6144.
• In the short term,
--- Nifty is in corrective down move (From 7th December) with targets (+/-10 points) of 5930**, 5890, 5850.
--- The down move will terminate above 6070.
(** means target achieved)
IMP. NOTES----
• Nifty traded between 5940 and 6001.
• Swing high of 6070 formed now as Nifty closed in red today.
• Short term up trend is terminated now.
